The Island of Nevis in the Eastern Caribbean was a British Colony from 1628 until 1983 when it became independent and joined the Federation of St Kitts & Nevis and it is now a member of the British Commonwealth and the United Nations. Nevis has a democratic system of government based on the British parliamentary system with an elected local assembly.
The population of Nevis is approximately 9000. The local currency is the EC dollar which is worth approximately 2.7 US dollars. As with everywhere in the Caribbean, US dollars are widely accepted on the island. Nevis has an excellent telecommunications system, Cable & Wireless having installed a state of the art fibre optic digital system at the turn of the decade. There are no direct flights to or from Nevis to the US mainland or Europe but the island is easily accessible by utilising connecting flights via Antigua.
Characteristics of companies registered in the jurisdiction of Nevis
Corporate Law
Business Corporation Ordinance, 1984 as amended, particularly in 2000 (Reg. formation and activity of International Business Companies (IBC) - similar to the laws of Delaware)
Law on Limited Liability Companies, 1995 (regulates the formation and operation of the limited liability companies - LLC) Nevis Limited Liability Company Ordinance, 1995
Company name
Company name must end with a word, phrase or abbreviation, which indicates the organizational and legal form: for example, "Ltd", "Corp", "SA".
In the case of a Limited Liability Company - Limited Liability Company - "Limited Liability Company", "LLC", "LLC", or "LC"
Capital
- There are no requirements to the size of the authorized capital
- The standard authorized capital of the company - $ 100000
- Mandatory payment of the authorized capital is not required
- There are no requirements for minimum authorized or to be issued share capital.
Stocks
- Bearer shares are not permitted
- Type of shares with a nominal value
Requirements for companies
- Minimum number of directors - one
- Requirements for residency directors - no
- Allowed directors - legal entities
- You are required to have a local registered agent
- Minimum number of shareholders - one
- Nominee shareholders and directors are allowed
Audit and financial reports
Since the requirement to provide audited accounts or annual financial statements of public authorities is absent, the company is required only to keep records of their financial activities, which should reflect the financial position of the company. Constituent documents of the company can be stored anywhere in the world.
Meetings
Meetings of directors and shareholders do not need to be held in Saint Kitts and Nevis. There is also no requirement for an Annual General Meeting. All meetings may be held outside Saint Kitts and Nevis, by telephone or through other electronic communications. Alternatively, directors and shareholders may vote by proxy.
Company names
Company name must end with one of the following words or their respective abbreviations: "Limited Liability Company", "LLC" or "LC". Names, which require a permit or license: banks, building societies, savings, loans, insurance, assurance, re-insurance, fund management, investment fund, municipal, Chamber of Commerce, University or their equivalents in foreign languages.
PRICES FOR OFFSHORE SERVICES:
|
International business company (IBC) - Standard order |
International business company (IBC) |
|
US$ 1,550.00 |
US$ 2,350.00 |
|
Standard order The documents/services which are provided to the client are:
Price - US$ 1,550.00 includes:
|
Standard order with Nominee Services: The documents/services which are provided to the client are:
Price - US$ 2,350.00 includes:
|
Ready-made (shelf) companies
We have specially registered some companies for your convenience if you require the company immediately or if you require company with older incorporation date. You can sign the bank account opening forms as soon as you have purchased the shelf company which lets you to receive the account number and IBAN number straight away.
All these companies have not traded or entered into any dealings or obligations whatsoever. Since their incorporation, their documents have been kept motionless on the shelf in our office.
Please note that due to the fact that these are "shelf" companies they are without Apostille and most probably, you will need it so it will take 1-2 business days to arrange for it. And if you are a new customer it will take some time to fill out all the necessary forms due to our companies "know your customer" policy.
The Price for the shelf company varies depending on the incorporation date of the company.
For more detailed information about company formation in Nevis or "shelf" companies please contact us and our experts will be glad to help you in any question you may have. Our telephone number is + 357 22 680602 and e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it..
